SEVERNA PARK HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in August, with 27 sold this month in Severna Park Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2024.

Versus last year, the total number of homes available this month is higher by 5 units or 12%. The total number of active inventory this August was 46 compared to 41 in August 2024. This month's total of 46 is lower than the previous month's total supply of available inventory of 51, a decrease of 10%.

Last August, the median sale price for Severna Park Homes was $755,500. This August, the median sale price was $770,000, an increase of 2% or $14,500 compared to last year. The current median sold price is 3% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.7 months of supply available in Severna Park, compared to 2.3 in August 2024. That is a decrease of 25% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 31 homes newly listed for sale in Severna Park compared to 18 in August 2024, an increase of 72%. There were 33 current contracts pending sale this August compared to 16 a year ago. The number of current contracts is 106% higher than last August.

In August, the average sale price in Severna Park was 100.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 14, higher than the average last year, which was 13, an increase of 8%.





FOCUS ON: SEVERNA PARK HOUSING MARKET			AUGUST 2025

Zip Code(s): 21146
Units Sold 27	Active Inventory 46	Median Sale Price $770,000	Days On Market 14

Up Vs. Year Ago	Up 12% Vs. Year Ago	Up 2% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in August, with 27 sold this month in Severna Park Real Estate. This month's total units sold was higher than at this time last year, an increase from August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 12%. The total number of active inventory this August was 46 compared to 41 in August 2024. This month's total of 46 is lower than the previous month's total supply of available inventory of 51, a decrease of 10%.
		Median Sale Price Last August, the median sale price for Severna Park Homes was $755,500. This August, the median sale price was $770,000, an increase of 2% or $14,500 compared to last year. The current median sold price is 3% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 31	Current Contracts 33	Sold Vs. List Price 100.9%	Months of Supply 1.7

Up 72% Vs. Year Ago	Up 106% Vs. Year Ago	No Change Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In August, there was 1.7 months of supply available in Severna Park, compared to 2.3 in August 2024. That is a decrease of 25% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 31 homes newly listed for sale in Severna Park compared to 18 in August 2024, an increase of 72%. There were 33 current contracts pending sale this August compared to 16 a year ago. The number of current contracts is 106% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Severna Park was 100.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 14, higher than the average last year, which was 13, an increase of 8%.


	Severna Park are defined as properties listed in zip code/s 21146.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.